If an increase in the price of a commodity leads to incre...
If an increase in the price of a commodity leads to increase in total revenue, then it means that the demand for this commodity is
Normal
Elastic
Inelastic
Abnormal
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a luxury item? ...
The supply of and demand for goods and services are influenced by the ...
Which of the following assets of the commercial bank does not yield revenue? ...
In national income accounts, an item counted as part of government spending is ...
The demand for a good is price inelastic if ...
In a socialist economy, prices of commodities are determined by ...
The solution to problem of how to produce in a capitalist economy is solved by ...